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Federal Direct Consolidation Loans
If you have multiple federal student loans, you can combine them into one Direct Consolidation Loan to help manage your debt. If you consolidate, you’ll just make a single monthly payment instead of making multiple payments.
There are some potential advantages to consolidating your loans. They include:
- Your monthly payment may be lower.
- Your repayment period may be extended up to 30 years, depending on the amount of your consolidation loan and your other student loan debt.
But there are some possible disadvantages, too. The biggest one is that if you have a longer period to pay, you’ll pay more interest. This can significantly add to the total cost of your loan.
The interest rate on consolidation loans is fixed, so it never changes. It’s based on the weighted average of the interest rates on all of the loans you consolidate.
For More Information
To learn more about Direct Consolidation Loans, including how to apply, visit the Federal Student Aid website or call 800-557-7392 (TDD 800-557-7395).
To check the status of your financial aid, log into the WCC Gateway, click on MyWCC, Financial Aid, and then click on Check Your Financial Aid Status.log in »
Contact Financial Aid
To contact WCC’s Financial Aid office, you can:
- Visit the office on the second floor of the Student Center building
- Call 734-973-3523
- Send a fax to 734-677-5281
- Send an email to
The office’s normal hours are Monday through Thursday from 8:00am to 6:00pm and Friday from 8:00am to 5:00pm.